Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Operating Activities
Net income		$ 181	$ 37
Adjustments to reconcile net income to net cash attributable to operating activities:
Deferred tax expense (benefit)		46	(4)
Net gain on mortgage loans held for sale		(86)	(69)
Provision for servicing and non-servicing reserves		15	9
Fair value changes in mortgage servicing rights		(10)	230
Fair value changes in MSR related liabilities		6	6
Depreciation and amortization for property and equipment and intangible assets		8	9
Loss (gain) on MSR hedging activities		122	(59)
Loss on MSR sales		12	0
Other operating activities		18	30
Repurchases of loan assets out of Ginnie Mae securitizations		(386)	(222)
Mortgage loans originated and purchased for sale, net of fees		(2,942)	(2,760)
Repurchases of loan assets out of Ginnie Mae securitizations		3,195	2,931
Changes in assets and liabilities:
Advances and other receivables		56	76
Other assets		(56)	66
Payables and other liabilities		(151)	(120)
Net cash attributable to operating activities		28	160
Investing Activities
Property and equipment additions, net of disposals		(8)	(5)
Purchase of mortgage servicing rights		(740)	(114)
Proceeds on sale of mortgage servicing rights and excess yield		38	15
Other investing activities		(5)	(3)
Net cash attributable to investing activities		(715)	(107)
Financing Activities
(Decrease) increase in advance, warehouse and MSR facilities		(215)	51
Settlements and repayment of excess spread financing		(17)	(22)
Proceeds from Issuance of Unsecured Debt		1,000	0
Repurchase of common stock		(39)	(89)
Other financing activities		(47)	(28)
Net cash attributable to financing activities		682	(88)
Net decrease in cash, cash equivalents, and restricted cash		(5)	(35)
Cash, cash equivalents, and restricted cash - beginning of period		740	702
Cash, cash equivalents, and restricted cash - end of period(1)	[1]	735	667
Supplemental Disclosures of Non-cash Investing Activities
Purchase of mortgage servicing rights holdback		48	1
Sale of mortgage servicing rights holdback		$ 2	$ 0

[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the condensed consolidated balance sheets. March 31, 2024March 31, 2023Cash and cash equivalents$578 $534 Restricted cash157 133 Total cash, cash equivalents, and restricted cash$735 $667